Driehaus Capital Management 13F: Adds $63M to SIMO Stake

Driehaus Capital Increases Silicon Motion Stake

Driehaus Capital Management raised its holdings in Silicon Motion Technology Corporation (NasdaqGS: SIMO) during the period ended May 15, 2026, according to a recent Form 13F filing with the SEC. The firm boosted its position by a 59.5% increase, adding 190,351 shares to bring its total count to 509,975 shares. The reported value of the stake reached roughly $170.0 million based on the period's data.

Position Details and Share Growth

Before this adjustment, the fund held 319,624 shares of the semiconductor designer. The 190,351-share addition pushed the investment higher, reflecting the firm's activity during the quarter. Because Form 13F filings look backward at holdings from the end of the reporting period, these figures show the position as of that date and may not represent current holdings.

Silicon Motion Stock Performance

Silicon Motion shares trade near $333.33, well above their 200-day moving average of $209.07 and the 50-day moving average of $258.14. The stock has traded between a 52-week low of $79.76 and a 52-week high of $355.00. The company carries a market capitalization of roughly $7.41 billion and a P/E ratio of 28.18, alongside a forward P/E ratio of 13.76.

Recent Earnings Results

For investors tracking financial health, the company reported annual revenue of $1.31 billion with a revenue growth rate of 1.27%. Earnings per share (EPS) stood at $7.75, backed by a net margin of 22.1% and a return on equity of 31.6%. The next earnings report is expected around October 28, 2026.

Dividend Payments

Silicon Motion pays an annual dividend yield of 0.92% with a dividend payout ratio of 23.4%, returning a portion of earnings back to shareholders while reinvesting in its flash controller business.

Recent Insider Transactions

Company insiders have executed several share sales over recent weeks. On June 2, 2026, Han-Ping Shieh sold 1,000 shares at an average price of $301.25 for a total of $301,250. Later in the month on June 17, 2026, Kuan-Ming Lin sold 2,000 shares valued at $610,010. Additional sales occurred on June 18, 2026, when Han-Ping Shieh sold another 1,000 shares at $328.00 and Kuan-Ming Lin sold 1,000 shares at $320.31.

Analysts Set New Price Targets

Wall Street analysts maintain a positive outlook on the stock with a consensus recommendation of strong buy and a mean price target of $369.70. On July 31, 2026, B. Riley Securities maintained its Buy rating while lifting its price target to $350.00 from $312.00. On the same day, Susquehanna maintained a Positive rating and raised its target to $350.00 from $275.00. Needham maintained a Buy rating on July 30, 2026, moving its target from $240.00 to $355.00, while Wedbush maintained an Outperform rating on June 22, 2026, and boosted its target to $400.00 from $230.00.

About Silicon Motion Technology Corporation

Headquartered in Hong Kong, Silicon Motion designs and markets NAND flash controllers for solid-state storage devices used in computers, enterprise data centers, smartphones, and automotive applications. The firm sells its products globally to major tech manufacturers and memory makers.

What to Watch at Silicon Motion Technology Corporation

Market participants will monitor upcoming regulatory filings to see if Driehaus Capital and other institutional investors adjust their stakes further. The next corporate earnings update in late October will provide additional insight into the company's financial trajectory.